Pioneering IndianSmall‑Cap investing.

Q: How can I invest with Equitree Capital?

We run one strategy: a private-equity approach to listed Indian small and micro-cap businesses, held in a concentrated portfolio of 12–15 companies. There are two ways to access it: Indian residents: through our PMS. New investments are made in Emerging Opportunities II, which follows the same philosophy and research process as our first scheme, Emerging Opportunities. You can invest directly, without a distributor. NRIs and global investors: through our GIFT City AIF, a USD route into the same strategy. For onboarding and documentation, contact us.

Q: What is Emerging Opportunities II?

Emerging Opportunities II is our second PMS scheme, launched in September 2026. It uses the same investment philosophy, research process and risk framework as Emerging Opportunities, which we have managed since 2017. In private-equity terms it is our Fund II: a fresh, concentrated portfolio of 12–15 businesses. It may also own some Emerging Opportunities companies where valuations remain attractive and growth visibility is strong, and it may participate selectively in IPOs, QIPs and pre-IPO opportunities. Emerging Opportunities is no longer accepting fresh investments or top-ups, so all new PMS commitments are made in Emerging Opportunities II. It is newly launched and has no performance history of its own. See the key terms.

Q: What is the minimum investment for Equitree Capital's PMS?

₹1 crore. We invest in small caps the way a private-equity fund would, with concentrated, long-term positions. The higher ticket size keeps investors aligned with that approach and with the volatility that comes with this part of the market.

Q: What are the fees, and is there an exit load?

There is no exit load. The fee structure has a management fee, a performance fee and a hurdle rate, and the rates depend on how much you invest. Our fee calculator shows the exact fees for your amount. Performance fees crystallise only when the portfolio reaches 2x the initial investment or on exit, whichever is earlier. A high-water mark and a compounded hurdle rate apply.

Q: Who should consider investing with Equitree Capital?

Our PMS suits investors who: have a horizon of 5 years or longer, and want long-term wealth creation; are comfortable with the higher volatility of small and micro-cap stocks; are allocating around 15–20% of their equity portfolio to small and micro-caps.

A private‑equity approach to listed markets, backing the businesses shaping India’s next decade.A private‑equity approach to India’s next decade of growth.

View our strategies

Investment strategies

Now accepting investors

Emerging Opportunities II

Our second PMS scheme: a new, concentrated portfolio of emerging Indian companies, held for years.

Holdings: 12 to 15
Holding period: 5 to 7 years

View Emerging Opportunities II

Closed to new investment

Emerging Opportunities I

Our first PMS scheme, managed since 2017.

Firm AUM: ₹1,580 Cr
5-year TWRR: 20.86%

View track record

Offshore

GIFT City AIF

Our strategy as a US-dollar fund in GIFT City, for NRIs and global investors.

Minimum: USD 250k
IFSCA AIF: Cat III

View the GIFT City AIF

Track record

Equitree PMS vs benchmarks

NAV growth: 7.8×

Equitree PMS
Nifty SC 100
BSE 500

Emerging Opportunities I. TWRR, net of fees, as of 31 October 2026. Not verified by SEBI. Past performance is not indicative of future returns.

View the full track record

Meet our founders

Pawan BharaddiaC.A.

Co-founder & CIO

Over 25 years in private equity and public markets
Leads research and investment decisions
Known for finding multibaggers early

Ssuneet KabraC.A.

Co-founder & CEO

Over 25 years in advisory, valuation and capital allocation
Leads strategy, compliance and investor relations
Brings a practical, business-owner’s lens to investing

Meet the full team

Insight Center

Quarterly Newsletter - September 2026 / Q2 FY27

From Globalisation to Localisation

Equitree PMS Q1 FY27 operating update

A better-than-expected quarter for corporate India, delivered unevenly.

Equitree Capital Webinar | Q1 FY27 Portfolio Update and Outlook

Pawan Bharaddia and Ssuneet Kabra discuss the Q1 FY27 portfolio update, market outlook, and where new capital goes next.

View presentation

Go to the Insight Center

Frequently asked questions

How can I invest with Equitree Capital?

What is Emerging Opportunities II?

What is the minimum investment for Equitree Capital's PMS?

What are the fees, and is there an exit load?

Who should consider investing with Equitree Capital?

View all FAQs

Equitree Capital Advisors Private Limited

Happy Diwali

Pioneering IndianSmall‑Cap investing.